Economy and commerce

At a recent meeting in Seoul with a Cambodian delegation led by Minister of Commerce Pan Sorasak, Yu expressed his firm belief that the Cambodia-Korea Free Trade Agreement (CKFTA) will boost trade between the two countries. ...

The easing of COVID-19 restrictions in China will contribute to the restoration of global supply chains, a Ghanaian expert says. ...

The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has changed its instruction on implementing the value-added tax (VAT) on e-commerce transactions ...

Cambodia issued operating licenses to 10,701 new companies in 2022, up 39 percent from 7,677 firms in 2021, said a Ministry of Commerce’s report released on Monday. ...

Two high-ranking Cambodian officials have issued fresh rallying calls for South Korean entities to invest in the Kingdom and take advantage of its bilateral and multilateral trade pacts, especially the Cambodia-Korea Free Trade Agreement (CKFTA) that took effect on December 1. ...

Despite forecasts that inflation will fall from 6.2 percent in 2022 to 2.5 percent this year, Cambodians continue to face livelihood difficulties in the first month of 2023 as the cost of goods on the market remains high. ...

Cambodia has called on the UK to consider investing in the processing of agricultural products after noting it is an important market for Cambodia’s agricultural products and manufacturing. ...

A senior French official has called on his countrymen to invest more in Cambodia, citing rapid economic growth, a burgeoning middle class and an overall healthy investment climate. ...

A total of 222 companies were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – in the week from 2pm January 16 to 2pm on the 23rd, bringing the cumulative figure to 21,137, according to the Online Business ...

The Council for the Development of Cambodia (CDC) has approved three new investment projects with a total capital of $18 million. The new projects belong to New Target Footwear (Cambodia) Co., Ltd., Golden Island Garments (Cambodia) Co., Ltd., and Jin Long Quan (Cambodia) Co., Ltd., ...

The government has revised down its 2023 growth forecast for the Cambodian economy to 5.6 per cent versus the 6.6 per cent it put forth in October, citing uncertainty about global economic growth tied to the Ukraine conflict, climate change and the Covid-19 crisis. ...

Battambang province, located in the northwest of the country, has developed a lot in the last five years. The province today has mines and economic zones with large factories and enterprises, according to a brief report on the Battambang Provincial Administration’s success in the past ...

Cambodia’s total public debt stock is expected to increase approximately 1.42 percent to reach $9.97 billion by the end of 2022 compared to over $7 billion five years ago, while the national budget law allowed the government to borrow about $1.26 billion or $1.7 billion ...

Cambodia’s aim to become an automotive parts manufacturing hub, making a wide range of low-to-medium complexity components for export, is an important part of its plan to diversify the economy and also to offset the impact of the Covid-19 pandemic on the traditional key sectors, ...

The National Bank of Cambodia (NBC) received 306 cases of complaints and enquiries from consumers of services provided by banks and financial institutions through its hotline numbers in 26 cities and provinces in 2022. ...

Prime Minister Hun Sen  said on Wednesday  Hun Sen, that Cambodia will allow the private sector to invest 100% in the new high-speed railway linking Phnom Penh capital of Cambodia to Ho Chi Minh City of Vietnam. ...

China is a key contributor to Cambodia’s socioeconomic development and poverty reduction, Cambodian Economy and Finance Ministry’s Standing Secretary of State Vongsey Vissoth said here on Wednesday. ...

Cambodia, which successfully entered into several free trade agreements (FTA) last year, is looking at the prospect of having a similar partnership with Switzerland. ...

The Cambodia-Canada merchandise trade in 2022 was valued at $1.154 billion, soaring by 16.06 per cent over 2021, while the Kingdom’s exports to the second largest economy of the Americas accounted for 97.07 per cent, edging up by 1.08 percentage points on-year, according to the ...

The number of e-wallet accounts in the Kingdom reached 17.9 million at end-December amid an acceleration in electronic payment volumes driven in part by Covid-19 anxiety, reflecting gradual fintech (financial technology) development towards achieving the government’s digital economy objectives. ...

Cambodia has unveiled plans to expand the automotive and electronics sectors in the next three years by pumping more than $2 billion into the industries, generating about 26,000 new jobs. ...

Cambodia is expected to attract new investment in industrial sector under the bilateral free trade agreements (FTAs), the Regional Comprehensive Economic Partnership Agreement (RCEP), together with new investment law. ...

The French trade minister is scheduled to visit Cambodia on Tuesday for a two-day trip to boost bilateral ties as part of Paris’ increasing commitment to the region. ...

French foreign trade minister Olivier Becht’s plans to visit the Kingdom from January 24-25 have been welcomed as a major step in improving economic cooperation between the two nations, including by a senior commerce official and a leader of the local business community. ...